PHP/SGD: what to know
The PHP/SGD rate shows how much SGD you get for 1 PHP. Right now, 1 PHP buys 0.0204 SGD at the mid-market rate. In the other direction, 1 SGD is worth 49.1306 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while SGD responds to the MAS-managed currency basket.
The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.